What Does Umbrella Cover?

For some, there is some confusion surrounding umbrella insurance. Based on the name, you would assume that it covers everything you own under one big umbrella. The truth is… that’s sort of what it does, but not quite. If you want to call Palm Valley Insurance Inc. for an umbrella policy, you should know what that means, first.

The long and short of it is: You still need to keep your standard homeowner’s policy on your house in Ponte Vedra Beach, FL, even if you have an umbrella policy. You need to keep your car insurance policy, your business policies and so on. Umbrella policies are not a replacement for conventional insurance plans, but supplemental coverage for everything that you already hold insurance policies for. If your car or home suffers damages beyond what your basic policies cover, then you dip into a single umbrella policy to make up the difference.

Well, it covers almost everything. Umbrella insurance won’t always cover specialty insurance items. If you own an exotic car or your business happens to be managing and coordinating dangerous stunts for Hollywood films, not every insurer is going to cover that with an umbrella policy, but for most of us, umbrella will cover just about everything we own.

Umbrella coverage simplifies a lot of the problems you have with insurance. You don’t have to try and guess which policy needs to be extended, you can simply call Palm Valley Insurance Inc., get a single new policy as a sort of safety net (or, well, an umbrella) and rest easy, knowing that if your current auto or home plan runs out, then you have the umbrella plan to lean on.

What are the Different Life Insurance Policy Options?

Investing in life insurance is a good idea as it provides your family with financial stability in the event you are no longer around to support them. Now, there are many different kinds of life insurance policies available, so selecting the best option for you is important. At Palm Valley Insurance, Inc., we are here to assist you in finding the best insurance policy for your particular needs, regardless of if you live in Ponte Vedra Beach, FL or the surrounding North East Florida community. 

Term Life Insurance

This is the basic life insurance policy. It provides a death benefit with a cash value that builds. It is also one of the more affordable options. There are a few variations to this, including increasing and decreasing term life insurance coverage. With these life insurance policies, it is often connected to paying off large investments (like mortgages) and ends when the connected bill is paid off. These increase/decrease options often come as supplemental insurance policies. 

Permanent Life Insurance

This insurance coverage provides a death benefit, but it also has a cash value aspect to it. Due to this, it is possible for a policyholder to cash in their insurance ahead of time and use it as a form of investment. 

Whole Life Coverage

This kind of coverage is a locked in insurance policy that lasts as long as a person is alive. It is a very budget friendly form of life insurance coverage for those individuals who need protection but don’t have a large amount of money to invest. 

At Palm Valley Insurance, Inc., we want to make sure you and your family are protected. It doesn’t matter if you live in Ponte Vedra Beach, FL or a neighboring city, we’re here to help.

What are the two best self-driving features that enhance auto safety?

Palm Valley Insurance, Inc., serving Ponte Vedra Beach, FL and Northeast Florida, notes that anyone who has followed automotive technology knows that self-driving cars are just on the horizon. But even before you can hop in your vehicle and let the computer take you where you need to go, self-driving features are now available on conventional cars.

What are the two best features that enhance your auto safety?

One safety-enhancing feature is automatic emergency braking. The way AEB works is that if the vehicle’s forward sensor detects an obstruction, the car ahead of you or someone who walked into traffic without looking, the brakes are applied automatically to prevent a collision. The AEB comes with an alarm that alerts you to what almost happened in case you were distracted.

The other great self-driving feature that could make you safer behind the wheel is called the blind spot warning system. The BSW provides a visual and/or audio warning if there is another vehicle in an adjacent lane in your blind spot. The system may be configured to provide another warning if you switch on your turn signal and try to shift lanes when another vehicle is in the way.

These two features can help prevent some of the most common causes of accidents. Other self-driving features that might help you remain safe include rear automatic emergency braking, which would stop you from backing up into an obstruction, and lane departure warning if you are moving outside your lane by accident.

Safety features, however, are no substitute for driver vigilance.

For any questions about auto insurance, feel free to contact Palm Valley Insurance, Inc. serving Ponte Vedra Beach, FL and Northeast Florida. Our agents can work with you to start a policy and get you a quote.

Is Flood Insurance Covered Under Your Homeowners Policy?

Flood insurance is not included in your standard homeowner’s policy, as it is a separate type of insurance. Although it is offered through FEMA, you can purchase flood insurance through your insurance agency. This is different from federal assistance, which is actually a loan that must be paid back.

Your flood insurance will protect you against situations where damage has occurred due to flooding, tidal waves, or severe storms, and it can cover specific situations related to mudslides. You will be covered in scenarios that are directly related to the flood, and your personal possessions will typically not be included under this coverage.

Legal Requirements and Qualifications

It is not required by law that residents of Ponte Vedra Beach, FL carry flood insurance, but lenders can require homeowners to obtain a policy. This is primarily the case when a property sits on a flood plain or in a low-lying area. You can discuss your level of risk with your insurance agent, as flooding can occur for a variety of reasons, including hurricanes, flash flooding, and rapid thawing. It is important to recognize that homes situated in areas with a low-to-moderate risk of flooding actually account for one-third of all disaster relief. 

Palm Valley Insurance Inc. Can Help You

At Palm Valley Insurance, Inc., we have valuable experience meeting the insurance needs of those living in and around Ponte Vedra Beach, FL. You can visit our website, and use our rating tool to find a quick quote on homeowners and automobile insurance. We consider it a privilege to work with you, and we invite you to call or stop by our office to discuss all your home or flood insurance options today!